Tipton and Coseley Building Society has notched up its highest level of mortgage applications for more than a year, following the recent launch of reduced fixed rate mortgage products.
In May, the Tipton's mortgage applications totalled £7.384 million, more than twice the amount received during April and the highest amount since March 2004.
In addition, the Tipton's mortgage commitments, which total £16.14 million, are also the highest since November 2004.
Chief executive Chris Martin said: "We are definitely bucking the trend in a housing market that is much quieter than last year with fewer transactions and lower lending levels."
Borrowers can choose between rates of 4.84 per cent until May 1, 2008 or 4.99 per cent until June 1, 2010. The minimum advance is £30,000.
